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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Nusairi: The Central Bank's second package to facilitate obtaining foreign currency will accelera

    rocky
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    Al-Nusairi: The Central Bank's second package to facilitate obtaining foreign currency will accelera Empty Al-Nusairi: The Central Bank's second package to facilitate obtaining foreign currency will accelera

    Post by rocky Thu 23 Feb 2023, 4:58 am

    Al-Nusairi: The Central Bank's second package to facilitate obtaining foreign currency will accelerate the stability of the exchange rate

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    Economy News _ Baghdad
    The advisor of the Association of Banks, Samir Al-Nusairi, confirmed, on Thursday, that the second package issued by the Central Bank to facilitate obtaining the dollar will achieve expansion in the inclusion of wide groups and destinations who need the dollar in foreign trade and other business operations and will accelerate the stability of the exchange rate and maintain the strength of the Iraqi dinar and create balance and stability between the official target price and the parallel price.
    Al-Nusairi said, in an interview with Al-Iqtisad News, that the most prominent facilities included in the second package are the regulation of financing foreign trade from China directly and in the Chinese yuan currency through two options: The first option: strengthening the balances of Iraqi banks that have accounts with Chinese banks in the Chinese yuan currency
    . 
    And the second option: strengthening the balances of Iraqi banks through the accounts of the central bank to the final beneficiary in the Chinese yuan currency through the accounts of the central bank with the Bank (JP Morgan) and the Development Bank in Singapore, and providing facilities for financial transfers to the United States and Europe using the same mechanism later.
    He added that citizens can transfer the amounts allowed to be transferred up to a maximum of (7500) dollars per month through the agents of money transfer companies (Western Union and Money Gram) at the official rate (1320) dinars / dollars, and the Central Bank is strengthening the accounts of these agents through Foreign currency buying and selling window.
    In this package, the Central Bank allowed to expand the outlets for obtaining the dollar, with flexible and easy mechanisms that ensure that the dollar reaches the final beneficiary in a completely smooth manner.
    Al-Nusairi indicated that the second package came after the first package of facilities and coincided with the new instructions issued by the Central Bank for
     external transfers for the year 2023 to enter the electronic platform, in which he specified the legally permitted entities and transactions, and implementation obligations and procedures for banks, which facilitates and enhances the goals of the Central Bank in its law in force and in its efforts to achieve reform. Banking, exchange rate stability, and adherence to international banking standards, especially compliance rules and Anti-Money Laundering Law No. 39 of 2015.
    He expressed his hope that our governmental and private banks, money transfer and exchange companies, government economic sectors, national media, merchants, businessmen, importers, and citizens will cooperate, support, and assign the Central Bank’s procedures in order to reform our national economy. And the development of the Iraqi banking sector.
     

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    Added 02/23/2023 - 11:46 AM
    Updated 2023/02/23 - 1:57 PM


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